US imports from Iran increase 100%

Nov 14, 2010 12:00 AM

The imports of the US from Iran have increased by more than 100 % in the first 3 quarters of this year despite Washington's unilateral sanctions against Tehran.
According to figures published by the US Census Bureau's foreign trade statistics, the US imported $92.7 mm worth of goods from Iran from January to September (2010) compared to $ 45.1 mm in the same period in 2009. The figures show the US also exported $158.4 mm worth of goods to Iran during the first 9 months of 2010. The trade volume between the two countries stood at $215.7 mm in 2009, the US Census Bureau said.

The report did not detail the items that made up the bulk of Iran's exports to the US, but they normally include carpets, caviare and pistachios. Although the amount of exports appears insignificant, experts say the figures ironically indicate that in the first months of implementing its own engineered sanctions against Iran -- while simultaneously engaged in a rigorous global campaign to push allies to follow suit -- Washington actually failed to follow through itself, proving once again that it regards itself as an exception.

Meanwhile, Iran's non-oil exports in the first 7 months of the current Iranian calendar year (starting March 21, 2010) have reached $17.4 bn. Head of Iran's Customs Administration Ardeshir Mohammadi said that the figure shows a 26 % increase in comparison with the same period in 2009 . Mohammadi added that the value of non-oil exports with the exception of gas condensates in the first 7 months of the current Iranian year was $14.6 bn which showed a 31 % rise.
He said that the export of petrochemical products also showed a 50 % increase and that “$ 5.646 bn worth of different petrochemical products were exported during the first 7 months of the current Iranian calendar.”

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« May 2019 »
May
MoTuWeThFrSaSu
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events